TY - JOUR
T1 - Estimating the value of victory
T2 - English football
AU - Hickman, Kent A.
AU - Cooper, Stuart M.
AU - Agyei-Ampomah, Sam
PY - 2008/7
Y1 - 2008/7
N2 - Professional English football combines publicly traded ownership shares with an active and observable wagering market. This article utilizes the information from these markets, presenting a model that may be used to estimate the impact of matches on club values. Such information is potentially useful as clubs assess the values of players and coaches based on their anticipated contributions to team performance. The article also illustrates the modelling of ‘binomial events,’ such as win/lose, hire/do not hire or approval/disapproval, and how market-determined price responses illuminate expectations.
AB - Professional English football combines publicly traded ownership shares with an active and observable wagering market. This article utilizes the information from these markets, presenting a model that may be used to estimate the impact of matches on club values. Such information is potentially useful as clubs assess the values of players and coaches based on their anticipated contributions to team performance. The article also illustrates the modelling of ‘binomial events,’ such as win/lose, hire/do not hire or approval/disapproval, and how market-determined price responses illuminate expectations.
KW - Professional English football
KW - publicly traded ownership shares
KW - wagering market
KW - matches
KW - club values
UR - http://www.scopus.com/inward/record.url?scp=47049120923&partnerID=8YFLogxK
UR - http://www.informaworld.com/openurl?genre=article&issn=1744-6554&volume=4&issue=4&spage=299
U2 - 10.1080/17446540701720576
DO - 10.1080/17446540701720576
M3 - Article
SN - 1744-6554
VL - 4
SP - 299
EP - 302
JO - Applied Financial Economic Letters
JF - Applied Financial Economic Letters
IS - 4
ER -